Your Company purchased equipment on January 1 for $95,000. The machines are estimated to have a 6 -year life and a salvage value of $12,500. The company uses the straight-line depreciation method. At the beginning Year 5, Your Company spent $25,000 on a major overhaul and increased the expected life by five years. Salvage value became $8,500. What is the annual amount of depreciation expense for each of the remaining years? Round to match my answer if necessary. $8,071$9,286$7,500$6,107$13,964